OpenAI, Oracle (NYSE: ORCL), Related Digital, Blackstone (NYSE: BX), and Walbridge have started construction on The Barn, a 1GW data centre campus in Saline Township, Michigan, which is part of the US Stargate project. The construction is billed as the largest single economic investment in Michigan’s history.  Financing includes equity from Related Digital, funds affi...

IREN Limited (NASDAQ: IREN) has signed a transmission connection agreement for a planned 800MW data centre campus in Bundey, South Australia, marking its first announced data centre project in the country. Bundey is a rural locality in the Goyder council area, where large-scale electricity infrastructure supports the state’s renewable energy sector.  The site is l...

Google parent Alphabet Inc. (NASDAQ: GOOG) has expanded its planned equity fundraising from US$80 billion to US$84.75 billion in a bid to raise capital for its extensive AI infrastructure capex. The fundraising was set to include US$30 billion in concurrent underwritten public offerings, comprising US$15 billion in depositary shares representing mandatory convertible prefer...